35-7-5 - Definitions.
§ 35-7-5. Definitions.
When used in this chapter, the word or term:
(a) "Veterans" includes:
(i) Any person who, upon presentation of his U.S. armed services record is eligible for a certificate of eligibility for a home loan guaranty from the U.S. Veterans' Administration.
(ii) Unremarried surviving spouses of the above-described eligible persons who died as the result of service or service-connected injuries. The unremarried spouse of any eligible veteran who has not purchased a home since the veteran's death shall be eligible for the benefits of this chapter, except that the benefits of a Veterans' Administration guaranteed loan will not be available.
(iii) The spouse of any member of the armed forces serving on active duty who is listed as missing in action, or is a prisoner of war, and has been so listed for a total of more than ninety (90) days.
Any such person shall have been discharged under conditions other than dishonorable from the branch of service in which he or she served, shall have been a bona fide resident of the United States of America at the time of his or her enlistment, induction, commission or drafting, and shall have lived in this state for two (2) years immediately preceding entry to extended active duty or the filing of the purchase application, or have married a person who has been a legal resident of this state for at least two (2) consecutive years immediately preceding the marriage and application.
The veteran must obtain a certificate of eligibility for home loan guaranty from the Veterans' Administration and present both an original certificate and a record of service or original discharge (DD 214) to the board.
(b) "Applicant" is a person meeting the criteria of "veteran" who has made written application to the board in the format prescribed by the board.
(c) "Mortgagor" is the person described as "applicant" who has subsequently executed a deed of trust on real property to the board, and may otherwise be described as "owner" or title holder.
(d) "Board" means the Veterans' Home Purchase Board of the State of Mississippi.
(e) "Home" means a parcel of real estate upon which there is a single family dwelling house and such other buildings as will, in the opinion of the board, suit the needs of the purchaser and his dependents as a place of abode.
Sources: Codes, 1942, § 7518; Laws, 1936, ch. 199; Laws, 1946, ch. 221, § 2; Laws, 1948, ch. 500, § 2; Laws, 1950, ch. 465, § 2; Laws, 1952, ch. 311, § 1; Laws, 1956, ch. 351; Laws, 1958, ch. 460, § 1; Laws, 1964, ch. 477; Laws, 1966, ch. 277, § 1; Laws, 1987, ch. 425, § 3, eff from and after May 1, 1987.